Gold Jun '17 (GCM17)
Gold Futures Market News and Commentary
The dollar index (DXY00) on Wednesday rallied to a 1.75-month high, finishing up by 0.31%. The dollar moved higher on Wednesday, supported by a +2% increase in WTI crude oil prices, which lifts inflation expectations and may prompt the Fed to tighten monetary policy, a bullish factor for the dollar.Â
Gains in the dollar accelerated on Wednesday on stronger-than-expected US economic reports on May ADP employment, the May ISM services index, and Apr factory orders, which are hawkish for Fed policy. In addition, escalation of Middle East tensions is boosting some safe-haven demand for the dollar after US forces intercepted Iranian ballistic missiles and drones aimed at neighboring countries and struck an Iranian command center in response.Â
The dollar posted its high on Wednesday afternoon on a hawkish Fed Beige Book that reported slight to moderate economic growth across most Fed districts through May 27, with employment little changed and most of the 12 Fed districts re... Read more
Blue Line Futures · 24 minutes ago
Dive into today's early market action with the Blue Line Futures Metals Minute! (Episode 674)
Barchart · 1 hour ago
A lack of headlines left the commodity complex adrift, for the most part, overnight through early Thursday morning.
Barchart · Wed Jun 3, 2:35PM CDT
The dollar index (DXY00 ) on Wednesday rallied to a 1.75-month high, finishing up by 0.31%. The dollar moved higher on Wednesday, supported by a +2% increase...
Barchart · Wed Jun 3, 10:51AM CDT
Here are my two-minute bull and bear cases on the fundamentals and technicals presently impacting the gold and silver markets, and their potential price...
Barchart · Wed Jun 3, 9:41AM CDT
Alcoa stock extends gains as aluminum prices climb further to a four-year high. Here’s why AA shares remain worth buying at current levels.
Barchart · Wed Jun 3, 9:39AM CDT
The dollar index (DXY00 ) today is up by +0.23%. The dollar is moving higher today and is being supported by a +1% increase in WTI crude oil prices, which...
Barchart · 16 minutes ago
It was nearly impossible to avoid these two AI names in May. Now June poses a critical question: buy, hold, or stay away?
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AÂ bear put spread is a vertical spread that aims to profit from a stock declining in price. It has a bearish directional bias as hinted in the name. Unlike...
Barchart · 1 hour ago
June Nasdaq 100 E-Mini futures (NQM26) are trending down -1.12% this morning as a disappointing forecast from Broadcom led investors to hit pause on the...
Barchart · 1 hour ago
PNC Financial Services has outperformed the Dow Jones over the past year, and analysts remain moderately optimistic about the stock’s outlook.
Barchart · 1 hour ago
A lack of headlines left the commodity complex adrift, for the most part, overnight through early Thursday morning.
Barchart · 1 hour ago
U.S. Bancorp has lagged behind the Nasdaq Composite over the past year, and analysts remain moderately bullish about the stock’s outlook.
Barchart · Thu Jun 4, 4:36AM CDT
Emerson Electric has lagged behind the S&P 500 Index over the past year, and analysts remain somewhat optimistic about the stock’s growth potential.
Barchart · Thu Jun 4, 4:16AM CDT
SLB N.V. has outperformed other energy stocks, and analysts remain highly optimistic about the stock’s outlook.
